HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.019%

Price spread now: Coinbase International against Phoenix+0.066%7-day average −0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.066%, 7d avg −0.161%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.227% dearer against Phoenix than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.161%): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.066% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HOOD	120.39	0.0265	pay 0.0033% / 1h	19m 08s	$28K	$238K	10x
Short	Coinbase International HOOD-PERP-INTX	120.47	0.0192	get 0.0024% / 1h	19m 08s	$196K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$15.38
Price spread: +0.066% → −0.161%: $22.72
Slippage, 4 orders: −$29.9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.55
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Phoenix: live order book, 13 min ago; Coinbase International: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 13 min ago	4.15 bp	13.0 bp −$13	28.5 bp −$285	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.98 bp	10.8 bp −$11	14.1 bp −$141	doesn't fit	doesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective HOOD/USDC PERP	−0.0440%	1h	120.48	+0.075%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0168%	8h	120.56	+0.141%	$598K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0147%	8h	120.61	+0.183%	$5.5M	$9.9M	20x	as long as short
Polymarket Perps HOOD-USD	−0.0018%	1h	120.34	−0.042%	$251K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.47	+0.068%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.52	+0.107%	$358K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.48	+0.075%	$20.8M	$91.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.46	+0.058%	$3.7M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.49	+0.083%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.39	−0.001%	$2.2M	$1.0M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	120.40	+0.005%	$844K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.52	+0.108%	$986K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0018%	1h	120.25	−0.116%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.34	−0.042%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.40	+0.008%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.42	+0.025%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.47	+0.067%	$720	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.27	−0.100%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0080%	1h	120.51	+0.100%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.41	+0.017%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.51	+0.100%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.37	−0.017%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.51	+0.100%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.48	+0.076%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.54	+0.125%	$174K	$175K	20x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0192%	1h	120.47	+0.066%	$196K	$1.8M	10x
Phoenix HOODlong	+0.0265%	1h	120.39	long leg	$28K	$238K	10x
RISEx HOOD/USDC	+0.0479%	1h	120.50	+0.094%	$403K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0663%	1h	120.52	+0.108%	$6K	$52K	10x	as long as short
edgeX HOODUSDC	+0.0764%	4h	120.39	+0.002%	$362K	$303K	10x	as long as short